- HashKey’s XRP Tracker Fund offers monthly access and in-kind subscriptions, tracking XRP via the CF Benchmark Index.
- Ripple’s seed investment supports the fund as institutional demand and U.S. XRP ETF approval expectations rise.
- HashKey and Ripple aim to co-develop DeFi, enterprise blockchain, and international payment solutions in Asia.
HashKey Capital has launched Asia’s first XRP Tracker Fund with backing from Ripple, offering new access points for institutional investors. The move is a strategic step in bringing regulated crypto investment means to the Asia-Pacific market.
The fund is designed for professional investors seeking XRP exposure without holding the asset directly. Ripple, which developed the XRP Ledger, has also committed seed investment into the product. This launch comes as institutional demand for XRP grows, and rising expectations for spot XRP ETFs in the U.S.
Monthly Access and In-Kind Subscriptions
The fund will track the performance of XRP, using the CF Benchmark Index as its standard. Investors can subscribe or redeem on a monthly basis. Importantly, the fund allows both cash and in-kind investments, widening participation methods.
HashKey Capital’s product line already includes the Bosera HashKey Bitcoin ETF (3008.HK) and Ethereum ETF (3009.HK), both traded in Hong Kong. With this XRP Tracker Fund, HashKey now offers a third tracker product in its growing portfolio.
The company stated it aims to bridge traditional finance with Web3 solutions through regulated investment products. Vivien Wong, partner at HashKey Capital, noted that the fund meets demand for XRP-based financial exposure in a secure and simplified format.
Ripple and HashKey Plan Broader Collaboration
The XRP Tracker Fund also initiates a broader collaboration between Ripple and HashKey Capital. Both parties confirmed plans to develop more investment solutions.
These include areas like decentralized finance, enterprise blockchain use, and international payments. Wong added that HashKey will leverage its network of financial institutions and regulators in Asia to support the partnership.
Fiona Murray, Managing Director of APAC at Ripple, described the collaboration as a critical move to increase crypto access across the region. She emphasized the importance of Asia’s role in driving blockchain adoption and regulatory product growth.
U.S.-Based Spot XRP ETF Products Expectations
This announcement comes as XRP ETF approvals in the United States optimism rises. Standard Chartered forecasted that an XRP ETF could gain regulatory clearance by the third quarter.
According to the bank, such approval could generate up to $8 billion in inflows within the first year. At least seven firms are currently preparing filings for spot XRP ETFs. The U.S. Securities and Exchange Commission is scheduled to respond to Grayscale’s application by May 22.
